SMC PROJECTION OF GBP/CAD
Price is overall bearish and there is a supply zone that has not yet been mitigated. In the forceful move downwards, alot of FVGs were created and the market must restructure itself to create a balance. Instead of waiting for market to correct itself, I'm counter-trading this bearish market, going bullish and taking TP at the FVGs, after which I'll join the bearish move again when i see a CHoCH to the downside.
What are your views?
What are your views?
Trade active
Price is currently filling up the FVG and would hit TP soon.Trade closed manually
Closed trade because there was a reversal before my TP. Thankful for good risk management, got to walk away with a few hundreds...
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.